Oil heads for weekly gain with Mideast supply risks

The Express Tribune • Oct 16, 2026

Brent crude futures fall 71 cents, or 0.67%, to $105.21 a barrel

Oil prices eased on Friday ​but were heading for weekly gains on the uncertainty over Middle East supplies and a larger-than-expected crude ‌stocks draw in the United States. Brent crude futures fell 71 cents, or 0.67%, to $105.21 a barrel, while US West Texas Intermediate crude futures were down 77 cents, or 0.79%, to $97.20. WTI settled up more than 3% on Thursday after a big US crude stock ​draw on hurricane prod...